Frank

Canton

Russell

America

<p>The Depository Trust &amp; Clearing Corporation (DTCC) has launched its Tokenization Service, bringing a first set of U.S. Treasuries, stocks and exchange-traded funds onto blockchain rails through <a href="https://x.com/CantonNetwork" rel="noopener noreferrer nofollow">@CantonNetwork</a>. The service went live on October 28 and is aimed at the central securities depository that sits at the core of U.S. market infrastructure.</p>
<p><a href="https://x.com/The_DTCC" rel="noopener noreferrer nofollow">@The_DTCC</a> is working with 20 firms that have signed access agreements. Those include JPMorgan, Citi, Morgan Stanley, Bank of America and UBS , according to CoinDesk. <cite>Fidelity Investments and Barclays are also on the list of participants, per the launch announcement</cite>, as reported by KuCoin News. DTCC says further users will be onboarded on a rolling basis.</p>
<h2 id="how-the-tokenization-service-works">How the Tokenization Service Works</h2>
<p><cite>The service lets eligible institutions convert securities held at The Depository Trust Company (DTC), DTCC's depository subsidiary, between traditional and tokenized forms.</cite><cite>Tokens are backed 1:1 by securities held at DTC and keep the same rights and investor protections as book-entry securities, while DTC keeps the official books and records.</cite></p>
<p>The tokens are not limited to Canton. <cite>The service is available on the Canton Network and on DTCC's private Besu blockchain, initially supporting select large-cap stocks from the Russell 1000 index, ETFs and U.S. Treasury bills, notes and bonds.</cite><cite>On Canton, tokens use the CIP-56 standard, while on Besu they use ERC-20.</cite><cite>Tokens can move between registered wallets around the clock.</cite></p>
<p>Launch coverage varies on the initial product list. <cite>DTCC's launch tear sheet lists 34 securities, up from the 25 outlined in its October 16 overview</cite>, according to KuCoin News.</p>
<h2 id="scale-and-what-comes-next">Scale and What Comes Next</h2>
<p>The figures involved are large, though the launch is narrower than the headline numbers suggest. <cite>DTCC subsidiaries handle clearing, settlement and custody for much of U.S. stock and bond trading, with more than $114 trillion in securities held at the depository.</cite><cite>The pool eligible for tokenization is about $30 trillion, only a slice of what DTC holds</cite>, according to Crypto Briefing.</p>
<p>The launch follows regulatory and operational steps over the past year. <cite>SEC staff granted DTC three years of no-action relief in December 2025, covering Russell 1000 equities, major index ETFs and U.S. Treasuries.</cite><cite>On July 15, 2026, DTCC ran its first live production trades using tokenized equities, ETFs and Treasuries already custodied at DTC.</cite></p>
<p>Further expansion is planned. <cite>DTCC plans to add more networks during 2027.</cite><cite>Its roadmap includes Stellar and Circle's Arc, more eligible securities, and settlement and collateral features such as on-chain netting and digital cash.</cite><cite>DTCC President Frank La Salla called the launch the culmination of years of work on regulated securities tokenization.</cite></p>
<p>With the clearing infrastructure for U.S. markets now offering tokenization to its participants, the technology moves from pilot testing into a live, regulated service, although at an initial scale limited to a small group of eligible securities and approved institutions.</p>
<h2 id="sources">Sources</h2>
<p><a href="https://www.coindesk.com/business/2026/10/28/wall-street-backbone-dtcc-brings-usd30-trillion-securities-closer-to-blockchain-with-major-banks" rel="noopener noreferrer nofollow">CoinDesk: DTCC launches tokenization for stocks, ETFs and U.S. Treasuries</a></p>
<p><a href="https://blockonomi.com/dtcc-tokenization-launches-with-34-securities-more-ahead" rel="noopener noreferrer nofollow">Blockonomi: DTCC Tokenization Launches With 34 Securities, More Ahead</a></p>
<p><a href="https://cryptobriefing.com/dtcc-tokenization-service-30-trillion-securities/" rel="noopener noreferrer nofollow">Crypto Briefing: DTCC launches tokenization service covering approximately $30 trillion in eligible securities</a></p>

DTCC Launches Tokenization Service on Canton Network With 20 Firms Signed Up

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